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Money Guy Show

An Heir-Tight IRA

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 28 August 2009

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today's show is one of those nitty-gritty topics that may not always be the most fun or most exciting, but it is definitely one of the most important. Today I wanted share the significance of making sure that your beneficiary designations are up-to-date and still reflect your posthumous wishes. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxing.

0:09.0

You've got financial questions, he's got financial answers, it's Brian Preston, the

0:14.2

money guy.

0:15.2

Hey guys, it's your host, Brian Preston.

0:17.2

I mean, it's kind of a crazy day today.

0:19.0

It's Friday and we're going to be doing a show today talking about the importance of

0:22.5

making sure that your IRAs have the right beneficiary destinations that you're thinking

0:26.8

about the right things, so that if something should ever happen to you, that the money

0:31.0

ends up at the right place, or also go close out the show, you know, friend of the money

0:35.4

guy podcast here, Aaron Peterson, who's our journalist that writes for bank rate, saving

0:41.4

for college.com, she's been in all kind of things.

0:44.2

She also, she asked us to participate, they were asking financial experts, their worst

0:51.3

goofs financially and how they learned from it, and she did this for bank rate.com.

0:56.0

It's actually out there, we'll give you a link to that and I'm going to go over what

0:58.7

that article says, but I have to share with you, it is never a dull moment here at Preston

1:04.4

Inc.

1:05.4

Remember, my day job is not broadcasting, it is actually being a fee-only wealth manager

1:09.0

on the south side of Atlanta, and Bo, who's my associate, aka engineer, producer, whatever

1:16.0

you want to call him here for the show, he decides that right before we do the show,

1:20.6

he's going to go get him a cup of coffee, but he leaves all the doors wide opening, you

1:24.9

have to understand, we're in a two story professional building and right next door to

...

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